A share price of W.R. Berkley Corp. [WRB] is currently trading at $59.13, up 1.03%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The WRB shares have lost -0.25% over the last week, with a monthly amount glided 4.38%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
W.R. Berkley Corp. [NYSE: WRB] stock has seen the most recent analyst activity on September 05, 2024, when Barclays initiated its Underweight rating and assigned the stock a price target of $56. Previously, TD Cowen started tracking the stock with Buy rating on July 01, 2024, and set its price target to $103. On June 13, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $83 on the stock. Evercore ISI downgraded its rating to a In-line and increased its price target to $79 on January 09, 2024. RBC Capital Mkts downgraded its rating to a Sector Perform but $73 remained the price target by the analyst firm on January 08, 2024. Keefe Bruyette downgraded its rating to Mkt Perform for this stock on December 06, 2023, and upped its price target to $80. In a note dated March 15, 2023, BofA Securities upgraded an Buy rating on this stock and revised its target price from $77 to $76.
W.R. Berkley Corp. experienced fluctuations in its stock price throughout the past year between $41.09 and $61.96. Currently, Wall Street analysts expect the stock to reach $67.15 within the next 12 months. W.R. Berkley Corp. [NYSE: WRB] shares were valued at $59.13 at the most recent close of the market. An investor can expect a potential return of 13.56% based on the average WRB price forecast.
Analyzing the WRB fundamentals
Trailing Twelve Months sales for W.R. Berkley Corp. [NYSE:WRB] were 13.18B which represents 11.68% growth. Gross Profit Margin for this corporation currently stands at 0.8% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.21 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.37.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 58.26 points at the first support level, and at 57.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 59.59, and for the 2nd resistance point, it is at 60.04.
Ratios To Look Out For
To put it in perspective, the Current Ratio for W.R. Berkley Corp. [NYSE:WRB] is 0.09. Considering the valuation of this stock, the price to sales ratio is 1.71, the price to book ratio is 2.67 and price to earnings (TTM) ratio is 15.17.
